Eurnzd waiting for a push higher for break upHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Watching for the break up
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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NZD
Buy EURNZD Bullish ChannelThe EUR/NZD pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further gains in the coming hours.
Key Points:
Buy Entry: Consider entering a long position (buying) above the broken resistance level of the channel, ideally around 1.8000 after confirmation of the breakout.
Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones:
1.8142: This represents the first level of resistance within the channel.
1.8195: This is a further extension of the upside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally around 1.7980. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.
Thank you
NZDUSD forming a bottom?NZDUSD - 24h expiry
Price action looks to be forming a bottom.
Short term RSI has turned positive.
A move through 0.5950 will confirm the bullish momentum.
The measured move target is 0.5975.
Pivot support is at 0.5875.
We look to Buy at 0.5900 (stop at 0.5872)
Our profit targets will be 0.5970 and 0.5985
Resistance: 0.5950 / 0.5970 / 0.5975
Support: 0.5900 / 0.5875 / 0.5870
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
NZDJPY: Channel Up bottom buy.NZDJPY is neutral on its 1D technical outlook (RSI = 54.679, MACD = 0.060, ADX = 31.385) as it trades between the 1D MA50 and the 1D MA100. Despite the neutrality, the price sits at the bottom of the Channel Up pattern, having made its 2nd contact this month. The 1D MACD has been squeezed and is past a Bullish Cross, which has been a buy signal inside this pattern 2 out of 2 times it was formed. Consequently we turn bullish on the medium term aiming at +6.00% profit (TP = 95.500).
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NZD/USD has a strong bearish momentum, could it fall further?The price is rising into a resistance level, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement; it could reverse from this level to our take profit target.
Entry: 0.59405
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.59723
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement.
Take profit: 0.58718
Why we like it:
There is an overlap support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURNZD to find buyers at previous swing high?EURNZD - 24h expiry
Short term bias has turned positive.
Posted a Double Bottom formation.
Offers ample risk/reward to buy at the market.
Daily signals are bullish.
Previous resistance at 1.7970 now becomes support.
We look to Buy at 1.7975 (stop at 1.7939)
Our profit targets will be 1.8065 and 1.8095
Resistance: 1.8000 / 1.8045 / 1.8090
Support: 1.7978 / 1.7955 / 1.7920
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Potential bearish reversalPrice is rising towards a resistance level which is an overlap resistance which aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.54037
Why do we like it:
There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.54366
Why we like it:
There is a pullback resistance level
Take profit: 0.53443
Why we like it:
There is an overlap support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZD/CAD has a strong bearish momentum, could it fall further?Price is rising towards a resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.81639
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement
Stop loss: 0.81898
Why we like it:
There is a pullback resistance level
Take profit: 0.81091
Why we like it:
There is an overlap support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bullish rise?NZD/USD has just bounced off the buy entry, which is at an overlap support level, and could potentially rise to our take profit target.
Entry: 0.58708
Why we like it:
There is an overlap support level
Stop loss: 0.58013
Why we like it:
There is a pullback support level
Take profit: 0.59462
Why we like it:
There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDUSD to continue in the downward move?NZDUSD - 24h expiry
Daily signals are bearish.
Preferred trade is to sell into rallies.
Our outlook is bearish.
We look for a temporary move higher.
20 4hour EMA is at 0.5932.
The lack of interest is a concern for bulls.
We look to Sell at 0.5930 (stop at 0.5956)
Our profit targets will be 0.5865 and 0.5850
Resistance: 0.5896 / 0.5920 / 0.5935
Support: 0.5974 / 0.5960 / 0.5940
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUD/NZD Short idea(4/16/2024)Today after China's economic data, the Market is betting dovish on AUD.
We believe the price has made an ABC correction and it likely started the C wave.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Potential bearish dropGBP/NZD is rising towards the resistance level which is a pullback resistance that aligns with the 161.8% Fibonacci extension and could reverse from this level to our take profit
Entry: 2.11475
Why we like it:
There is a pullback resistance level which aligns with the 161.8% Fibonacci extension.
Stop loss: 2.12520
Why we like it:
There is a resistance level at the 127.2% Fibonacci extension
Take profit: 2.10327
Why we like it:
There is a pullback support
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
FOREX Pre-Week Analysis by R2F (Monday, 15th April 2024)Hello hello, guys!
We have a new week ahead. Here is my analysis for my bias moving forward. For those who are lazy, I am basically bullish on the Dollar and bearish for XXXUSD pairs. But I suggest going through the video as I explain how I came to this bias as well as offer analysis for each of the major Forex pairs.
We are in turbulent times, so trade safe out there. Protecting your capital is your NO.1 priority. It is not the time to go turbo mode all-in kamikaze style.
- R2F
NZDUSD has a strong bearish momentum, could it fall further?Price is rising towards a resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.59686
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement
Stop loss: 0.60084
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement
Take profit: 0.59318
Why we like it:
There is a pullback support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDUSD: Technical Correction and Fundamental PressAttention Traders,
Today's focus is on NZDUSD, where we're observing a potential selling opportunity around the 0.60400 zone. After trading in an uptrend, NZDUSD recently experienced a breakout and is now undergoing a correction phase, edging towards the retrace area near the 0.60400 support and resistance zone.
Expanding on our analysis, let's consider the fundamental landscape. Inflation data plays a crucial role in shaping market sentiment, and recent CPI figures highlight significant trends. Comparing recent Consumer Price Index (CPI) data reveals:
Mar 12, 2024: 0.4%
Feb 13, 2024: 0.4%
Jan 11, 2024: 0.3%
Dec 12, 2023: 0.3%
Nov 14, 2023: 0.2%
Moreover, yesterday's CPI release for April 10th reported a robust year-over-year increase of 3.5% in March, exceeding expectations and driven by upticks in housing and gasoline costs. This uptick in inflation can potentially impact currency pairs like NZDUSD, as it may prompt expectations of tighter monetary policy to combat inflation, consequently exerting downward pressure on the New Zealand dollar.
As we navigate today's trading session, it's essential to integrate both technical and fundamental analysis. The potential selling opportunity in NZDUSD at 0.60400 aligns with the broader correction phase and the impact of inflation data on currency dynamics.
Trade wisely,
Joe
GbpNzd likely more downsideHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Could be looking at some pullback and rejection and looking to short GbpNzd, let's monitor it along the week.
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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NZDUSD - Wait For It ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NZDUSD has been overall bearish , trading within the falling wedge pattern in blue.
Currently, NZDUSD is in a correction phase, approaching the lower bound of the wedge.
Moreover, it is retesting a strong demand in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline.
📚 As per my trading style:
As #NZDUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDCHF - Already Over-Bought ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NZDCHF has been overall bullish , trading within the rising channel in blue.
However, it is currently approaching the upper bound of the channel again acting as a non-horizontal resistance.
Moreover, it is retesting a strong resistance zone at 0.55 - 0.552 marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline.
📚 As per my trading style:
As #NZDCHF approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Potential bearish reversalThe NZD/USD is rising towards a resistance level, which is a pullback resistance that aligns with the 61.8% Fibonacci retracement; it could reverse from this level to our take profit target.
Entry: 0.60459
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement
Stop loss: 0.61050
Why we like it:
There is a pullback resistance level
Take profit: 0.59684
Why we like it:
There is a pullback support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDUSD - Keep It Simple🍰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per my last analysis, attached on the chart, NZDUSD rejected the lower bound of the channel and traded higher.
📚 Currently, NZDUSD is approaching the upper bound of the channel.
Moreover, the highlighted red zone is a strong structure acting as a minor resistance.
🏹 The highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and red structure.
📚 As per my trading style:
As #NZDUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Potential bearish dropNZD/USD is rising towards a resistance level which is an overlap resistance which aligns with the 23.6% Fibonacci retracement and could reverse from this level to our take profit
Entry: 0.59910
Why we like it:
There is an overlap resistance level which aligns with the 23.6% Fibonacci retracement
Stop loss: 0.60459
Why we like it:
There is an overlap resistance level which is slightly above the 61.8% Fibonacci retracement
Take profit: 0.59394
Why we like it:
There is a pullback support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDUSD has a strong bullish momentum, could it rise further?Price has broken out of the resistance level which is a pullback resistance level and we could see a bullish continuation to our take profit
Entry: 0.60437
Why we like it:
There is a pullback resistance which aligns with the 23.6% Fibonacci retracement
Stop loss: 0.59903
Why we like it:
There is an overlap support level which align with the 61.8% Fibonacci retracement
Take profit: 0.60958
Why we like it:
There is a pullback resistance level which aligns with the 100% Fibonacci projection
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Falling towards an overlap support, could it reverse?EURNZD is falling towards a support level which is an overlap support level which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit
Entry: 1.78560
Why we like it:
There is an overlap support level which aligns with the 50% Fibonacci retracement.
Stop loss: 1.77389
Why we like it:
There is an overlap support level which aligns with the 78.6% Fibonacci retracement
Take profit: 1.79608
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.